Common use of SpinCo Liability Clause in Contracts

SpinCo Liability. SpinCo shall be responsible for any and all Ordinary Taxes imposed on or payable by a member of the SpinCo Group for any Tax Period, (other than Ordinary Taxes due or required to be reported on a Combined Return for which Parent is responsible under Section 2.2(a)), including any increase in such Tax as a result of a Final Determination.

Appears in 3 contracts

Sources: Tax Matters Agreement (Sylvamo Corp), Tax Matters Agreement (Sylvamo Corp), Tax Matters Agreement (Sylvamo Corp)